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01 <br />02 <br />03 <br />04 <br />05 <br />06 <br />07 <br />OB <br />09 <br />10 <br />11 <br />12 <br />13 <br />14 <br />15 <br />16 <br />17 <br />1® <br />19 <br />20 <br />21 <br />22 <br />23 <br />24 <br />25 <br />26 <br />27 <br />29 <br />29 <br />30 <br />31 <br />32 <br />Recipient: City of Santa Ana, California Grant Number: B-84-AA-06-0615(P) <br />Amendment fl <br />Continuation Sheet ----Exhibit E <br />x <br />(a) Recipient's attorney or an acceptable banking institution shall certify <br />that cash or liquid assets of not less than $216,857 are available or irrevocably <br />committed to Rangel and are sufficient to complete the development of Project <br />Element B. Such certification shall identify the kinds of assets and the nature of <br />the irrevocable commitment. <br />(b) Evidence of this commitment shall be in accordance with Section <br />10.07 or 10.08 of this Grant Agreement. <br />xi <br />(a) Rangel shall irrevocably and unconditionally guarantee the repayment of <br />the UDAG Interim/Permanent Loan to it and Rangel and Guarantor shall <br />unconditionally and irrevocably guarantee the completion of the development of <br />Project Element B within the timeframe hereafter set forth in Exhibit F to this <br />Grant Agreement. <br />(b) Evidence of this commitment shall be in accordance with Section <br />10.04 of this Grant Agreement. <br />x1I <br />(a) Recipient's attorney or an acceptable banking institution shall <br />certify that cash or liquid assets of not less than $88.068 are available or <br />irrevocably committed to Ceballos and are sufficient to complete the development of <br />Project Element C. Such certification shall identify the kinds of assets and the <br />nature of the irrevocable commitment. <br />(b) Evidence of this commitment shall be in accordance with Section <br />10.07 or 10.08 of this Grant Agreement. <br />x1II <br />(a) Ceballos shall irrevocably and unconditionally guarantee the repayment of <br />the UDAG interim/Permanent Loan and Ceballos and Guarantor shall irrevocably and <br />unconditionally guarantee the completion of the development of Project Element C <br />within -the timeframe hereafter set forth in Exhibit F to this Grant Agreement. <br />(b) Evidence of this commitment shall be in accordance with Section <br />10.04 of this Grant Agreement. <br />EXHIBIT E <br />Page =o of 22 <br />